Financials Darling Ingredients Inc.

Equities

DAR

US2372661015

Food Processing

Market Closed - Nyse 04:00:02 2024-06-12 pm EDT 5-day change 1st Jan Change
36.63 USD -1.90% Intraday chart for Darling Ingredients Inc. -3.27% -26.50%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,577 9,543 10,982 10,031 7,951 5,966 - -
Enterprise Value (EV) 1 6,154 10,969 12,376 13,289 12,252 10,010 9,549 9,184
P/E ratio 15 x 33.1 x 17.4 x 13.9 x 12.5 x 13.1 x 9.27 x 7.5 x
Yield - - - - - - - 0.36%
Capitalization / Revenue 1.36 x 2.67 x 2.32 x 1.54 x 1.17 x 1 x 0.93 x 0.91 x
EV / Revenue 1.83 x 3.07 x 2.61 x 2.03 x 1.8 x 1.67 x 1.49 x 1.4 x
EV / EBITDA 14.1 x 13 x 10 x 8.62 x 7.6 x 7.44 x 5.81 x 5.4 x
EV / FCF 1,970 x 31.8 x 28.8 x 31.5 x 35.6 x 19.4 x 12.4 x 11.1 x
FCF Yield 0.05% 3.14% 3.48% 3.18% 2.81% 5.16% 8.06% 8.98%
Price to Book 1.78 x 3.3 x 3.33 x 2.85 x 1.73 x 1.26 x 1.15 x 1.22 x
Nbr of stocks (in thousands) 163,711 162,068 161,808 160,271 159,532 159,780 - -
Reference price 2 27.96 58.88 67.87 62.59 49.84 37.34 37.34 37.34
Announcement Date 2/25/20 3/2/21 2/28/22 2/27/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,364 3,572 4,741 6,532 6,788 5,987 6,396 6,540
EBITDA 1 436.9 841.5 1,235 1,541 1,612 1,346 1,642 1,700
EBIT 1 111.4 491.4 886.6 1,075 974.3 674.2 934.9 1,023
Operating Margin 3.31% 13.76% 18.7% 16.46% 14.35% 11.26% 14.62% 15.64%
Earnings before Tax (EBT) 1 380.4 353.6 821.4 893.7 720 482.4 726.4 871.6
Net income 1 312.6 296.8 650.9 737.7 647.7 459.6 658.9 807.8
Net margin 9.29% 8.31% 13.73% 11.29% 9.54% 7.68% 10.3% 12.35%
EPS 2 1.860 1.780 3.900 4.490 3.990 2.846 4.030 4.978
Free Cash Flow 1 3.123 344.5 430.3 422.4 343.8 516.8 769.3 824.4
FCF margin 0.09% 9.65% 9.08% 6.47% 5.06% 8.63% 12.03% 12.61%
FCF Conversion (EBITDA) 0.71% 40.94% 34.85% 27.41% 21.33% 38.4% 46.84% 48.5%
FCF Conversion (Net income) 1% 116.08% 66.11% 57.26% 53.08% 112.43% 116.76% 102.05%
Dividend per Share 2 - - - - - - - 0.1333
Announcement Date 2/25/20 3/2/21 2/28/22 2/27/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,310 1,366 1,650 1,748 1,768 1,791 1,758 1,625 1,614 1,420 1,496 1,492 1,558 1,552 1,617
EBITDA 1 306.8 330.7 402.6 394.7 413 418.4 508.3 334.3 350.9 280.1 329.7 337.6 370.6 389 407.3
EBIT 1 212.4 236.7 292.5 268.3 273.1 267.4 351.8 176.2 178.9 116 176.7 172.5 200.8 191.1 233.2
Operating Margin 16.22% 17.32% 17.73% 15.35% 15.44% 14.93% 20.01% 10.84% 11.08% 8.17% 11.81% 11.56% 12.89% 12.31% 14.42%
Earnings before Tax (EBT) 1 195.4 216.8 252.2 227.5 197.2 216.8 295.9 112.7 94.5 85.5 110.6 117.1 154.4 150.7 196.3
Net income 1 155.8 188.1 202 191.1 156.6 185.8 252.4 125 84.52 81.16 112.1 111 142.4 144.6 168.8
Net margin 11.89% 13.76% 12.24% 10.93% 8.85% 10.37% 14.36% 7.69% 5.24% 5.71% 7.49% 7.44% 9.14% 9.31% 10.44%
EPS 2 0.9400 1.140 1.230 1.170 0.9600 1.140 1.550 0.7700 0.5200 0.5000 0.6886 0.7245 0.9394 0.9653 1.082
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 2/28/22 5/10/22 8/9/22 11/8/22 2/27/23 5/9/23 8/8/23 11/7/23 2/27/24 4/25/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,576 1,426 1,394 3,258 4,301 4,044 3,582 3,218
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.609 x 1.695 x 1.129 x 2.114 x 2.668 x 3.005 x 2.181 x 1.893 x
Free Cash Flow 1 3.12 345 430 422 344 517 769 824
ROE (net income / shareholders' equity) 12.9% 10.9% 21.1% 20.8% 15.4% 9.87% 13% 13.7%
ROA (Net income/ Total Assets) 6.11% 5.42% 11.1% 9.62% 6.39% 4.8% 6.78% -
Assets 1 5,117 5,479 5,874 7,668 10,132 9,578 9,717 -
Book Value Per Share 2 15.70 17.80 20.40 21.90 28.90 29.60 32.40 30.70
Cash Flow per Share 2 - 3.740 4.220 4.960 5.540 5.440 7.080 7.850
Capex 1 359 280 274 391 555 457 457 407
Capex / Sales 10.69% 7.84% 5.78% 5.99% 8.18% 7.63% 7.14% 6.22%
Announcement Date 2/25/20 3/2/21 2/28/22 2/27/23 2/27/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
37.34 USD
Average target price
57.33 USD
Spread / Average Target
+53.54%
Consensus
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  4. Financials Darling Ingredients Inc.